Few years back I had published a post about using Cell Phone as Credit Card using near field communication (NFC).
Now Google has made it a reality. Google has released Google Wallet. Google rolls out Google Wallet Android App to all Sprint Nexus S 4G phones through an over-the-air update.
You can watch the below video to know about Google Wallet.
Google Wallet enables you to pay with your Citi MasterCard credit card and the Google Prepaid Card, which can be funded with any of your existing plastic credit cards. And, google is working on to extend this future to Visa, American Express and Discover cards also.
Google is adding a $10 free bonus to the Google Prepaid Card if you set it up in Google Wallet before the end of the year.
Google calls this "Google Wallet " as next big shit after coins, paper money and plastic credit cards.
In the past few thousand years, the way we pay has changed just three times—from coins, to paper money, to plastic cards.Now we’re on the brink of the next big shift.
Google Wallet has been designed for an open commerce ecosystem.
How to use Google Wallet?
When you’re ready to checkout, look for the MasterCard PayPass logo to see whether the merchant accepts contactless payments. After the cashier rings up your purchase, tap your phone on the PayPass terminal and your Google Wallet will transmit payment details in a secure, wireless manner. Moments after you tap the terminal, you will receive a payment confirmation.
You can read more FAQ about Google Wallet here.
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